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Wednesday, November 16, 2011

Energy Spends Too Much Money

Energy spends too much money operating more than a dozen far-flung laboratories. That's what Energy's Inspector General finds in a new report. The IG is calling for a wholesale restructuring of how the labs are run. The report finds $13 billion was spent on the 16 labs, but 49 percent of that cash went to overhead instead of research. The IG wants energy to create an independent panel to consolidate the labs. The IG also warns Energy workers to brace themselves for painful staff reductions that are certain to come with deep federal budget cuts from Congress.
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1 comment:

  1. AnonymousNovember 16, 2011 at 1:36 PM

    The DOE was created decades ago when our dependence on foreign energy sources was around 30+%. The purpose of creating DOE was to lessen our dependence on foreigh oil. After 30 plus years in existance and billions of $ spent by the department our dependence on foreign oil is over 70%.
    Oh, and the other reason for creating the DOE was to promote development of domestic and alternative energy sources. Neither of which has occurred, except through massive federal subsidies ethenol is being made to put in gasoline, so a gallon of gas will have less petrolum in it. Well ethanol is made mostly from corn. Ethanol refireries can pay more for corn than food companies. That has driven the price of corn to over $7/bushel, good for the farmers, but really bad for people who eat food made from corn, because the price of food has been drive up, up, up. Conclusion? Abolosh the DOE. It would save billions.

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